CACI International, Inc. (NYSE:CACI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Friday.

According to Zacks, “Macroeconomic challenges, foreign currency volatility and regulatory pressure remain potential headwinds for CACI International. Federal government contracts are also subject to extensive legal and regulatory hurdles and subject to change from time to time. Deviations from the terms laid out by the government may further result in huge penalties or termination. Moreover, CACI International has to continuously invest in value drivers that act as a hedge against competition. These increase its operating costs and reduce its profitability. The company has underperformed the industry year to date. However, CACI International intends to drive operational excellence by intensively focusing on its organic and inorganic growth strategy and strengthening its existing customer relationships while building newer ones. The company beat first-quarter fiscal 2018 earnings on higher revenues.”

Several other research analysts have also recently weighed in on CACI. FBR & Co reissued a “neutral” rating and issued a $123.00 price objective on shares of CACI International in a research report on Sunday, August 20th. Noble Financial reissued a “buy” rating on shares of CACI International in a research report on Friday, August 18th. Wells Fargo & Company raised CACI International from a “market perform” rating to an “outperform” rating and set a $158.00 price objective on the stock in a research report on Wednesday, October 25th. BidaskClub raised CACI International from a “sell” rating to a “hold” rating in a research report on Wednesday, September 6th. Finally, Cowen and Company reissued a “buy” rating and issued a $152.00 price objective on shares of CACI International in a research report on Thursday, October 12th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $146.60.

CACI International (NYSE:CACI) last posted its quarterly earnings data on Wednesday, November 1st. The information technology services provider reported $1.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.52 by $0.15. CACI International had a return on equity of 9.57% and a net margin of 3.87%. The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the previous year, the firm earned $1.47 earnings per share. The business’s revenue was up 1.2% on a year-over-year basis.

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In related news, Director Warren R. Phillips sold 400 shares of the business’s stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $125.30, for a total transaction of $50,120.00. Following the sale, the director now directly owns 5,344 shares in the company, valued at approximately $669,603.20. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Charles P. Revoile sold 750 shares of the business’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $127.28, for a total value of $95,460.00. Following the sale, the director now owns 31,583 shares in the company, valued at $4,019,884.24. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,806 shares of company stock worth $1,016,596. Corporate insiders own 1.44% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Riverhead Capital Management LLC raised its stake in shares of CACI International by 66.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,332 shares of the information technology services provider’s stock valued at $167,000 after purchasing an additional 532 shares during the period. SG Americas Securities LLC raised its stake in shares of CACI International by 5.9% during the 1st quarter. SG Americas Securities LLC now owns 1,658 shares of the information technology services provider’s stock valued at $194,000 after purchasing an additional 93 shares during the period. Miles Capital Inc. bought a new stake in shares of CACI International during the 2nd quarter valued at $211,000. World Asset Management Inc raised its stake in shares of CACI International by 0.3% during the 2nd quarter. World Asset Management Inc now owns 1,800 shares of the information technology services provider’s stock valued at $225,000 after purchasing an additional 6 shares during the period. Finally, Dubuque Bank & Trust Co. raised its stake in shares of CACI International by 9.0% during the 2nd quarter. Dubuque Bank & Trust Co. now owns 2,123 shares of the information technology services provider’s stock valued at $265,000 after purchasing an additional 175 shares during the period. Institutional investors own 87.22% of the company’s stock.

About CACI International

CACI International Inc is a simulation technology company. The Company provides information solutions and services. The Company operates through two segments: domestic operations and international operations. It serves clients in the United States federal government and commercial markets, primarily throughout North America and internationally on behalf of the United States customers, as well as in the United Kingdom and the Netherlands.

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